Trimble Expands Its VRS Network Footprint With the Acquisitions of Can-Net and iBase Networks

Press Release: Trimble Expands its VRS Network Footprint with the Acquisitions of Can-Net and iBase Networks

Trimble Expands its VRS Network Footprint with the Acquisitions of Can-Net and iBase Networks

Increasing Accessibility to High-Accuracy Positioning Services Across Canada and New Zealand

PR Newswire

SUNNYVALE, Calif., Dec. 3, 2019

SUNNYVALE, Calif., Dec. 3, 2019 /PRNewswire/ — Trimble (NASDAQ: TRMB) announced today the acquisitions of Cansel Survey Equipment’s Can-Net and AllTerra New Zealand’s iBase networks. The acquisitions significantly increase the global footprint of Trimble-owned Virtual Reference Station (VRS) networks by adding key geographies in North America and New Zealand. Subscription-based VRS correction services are now accessible to more customers around the world who rely on high-accuracy corrections to increase productivity and reduce operational costs. The correction services are ideal for professionals in agriculture, geospatial and construction as well as emerging high-accuracy applications, such as on-road positioning for passenger vehicles. Financial terms were not disclosed.

Trimble is transforming how and where users can leverage precision and accuracy by:

— Deploying and acquiring networks and services worldwide that deliver
high-accuracy positioning nearly anywhere in the world, making Trimble a
leading provider of corrections in urban, suburban and even the most
rural areas.

— Continuing to advance GNSS corrections technology that enables industries
to re-think what is possible when using augmented positioning for
improving safety, performance, productivity and operational efficiency,
whether in the field or on the road.

— Empowering emerging consumer markets by delivering absolute positioning
for passenger vehicles, enabling Advanced Driver Assistance Systems
(ADAS) to maintain precise in-lane positioning.

The Can-Net and iBase acquisitions add over 1.1 million square kilometers (over 425,000 square miles) to Trimble’s correction services coverage that has grown robustly over the past eight years, contributing to Trimble’s shift toward software, services and subscription business emphasis.

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